In today’s briefing:
- Topsports (6110 HK): High Dividend Yield Supported By Strong Free Cash Flow
- Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety – October 2023
Topsports (6110 HK): High Dividend Yield Supported By Strong Free Cash Flow
- Topsports International Holdings (6110 HK) announced first half FY24 (fiscal year ending February) results last week, with net profit up 17% yoy.
- The company trades at a 7% dividend yield, backed by strong free cash flow.
- The stock is not only a yield play, but also a call option on the recovery of Nike and Adidas’ retail performance in China.
Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety – October 2023
- We compile our selection of small and mid-cap names with our desired characteristics of high dividend yields, value, and margin of safety.
- Our top picks are Perfect Medical Health (1830 HK), Water Oasis (1161 HK), Taste Gourmet (8371 HK), Uchi Technologies (UCHI MK), and The Keepers Holdings (KEEPR PM).
- We add the Philippine Stock Exchange (PSE PM) and Ginebra San Miguel (GSMI PM) to our list of names that we look at after our recent Philippines trip.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
